Tetra Bio-Pharma Inc (TSE:TBP) (OTCMKTS:TBPMF) (FRA:JAM1) expects to generate over C$47.5M from DanCann Pharma distribution deal
HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) plans at least 16,000 metres of drilling in Alaska this year as it approves C$10M exploration budget
CytoDyn Inc (OTCQB:CYDY) strikes agreement with AEIH in Brazil to run two coronavirus trials using its flagship drug leronlimab
2.39pm: Wall Street opens higher after ADP jobs data
The main indices on Wall Street opened on the front foot on Wednesday after the latest ADP jobs report showed a surge in private sector hiring in April, although less than analysts had expected.
Omega Diagnostics reports positive results for COVID-19 test
A look at the major movers on the London market on Wednesday
2.51pm: Healthcare group reports positive test results
Omega Diagnostics Group PLC (LON:ODX) is in demand after announcing postive results for the Mologic COVID-19 lateral flow antigen test.
The test, which Omega has launched for professional use under its Visitect brand, has been independently verified in a 665-person study in Germany by FIND, a World Heath Organisation collaborating centre.
Omega said the test was shown to demonstrate best-in-class performance with 100% specificity and 96.4% sensitivity compared with laboratory testing.
Chief executive Colin King said: This is great news for the Mologic test, which we are now producing under our Visitect brand. It is significant that the test has been shown to have high diagnostic accuracy on self-collected swab specimens. Rapid diagnostic tests play a crucial role in breaking the spread of infectio
FTSE 100 steady above 7000 level with Wall Street set to open higher
Companies
FTSE 100 steady above 7000 level with Wall Street set to open higher
The index of UK-blue-chips in positive mood while US is set to make a positive start as investors await jobs and services data
FTSE 100 up 81 points
Dow to see early gains
Croda higher on restructuring talk
12.35pm: US market expected to recover
Wall Street is set to recover after Tuesday s caution as US Treasury Secretary Janet Yellen rattled the cages with talk of interest rate rises.
The Dow Jones Industrial Average, which ended off its worst levels despite Yellen s comments, is expected to open 70 points or 0.22% higher at around 34,203 while the S&P 500 is forecast to rise by 0.3%. The Nasdaq Composite, which bore the brunt of Tuesday s selling and fell 1.88% as growth stocks fell out of favour again, is set to recover by around 0.5%.
Peter Collum joins immediately and will be based in the New York area
Redx Pharma PLC (LON:REDX) has appointed a new chief financial officer with both industry and banking experience.
Peter Collum, who joins immediately and will be based in the New York area, was CFO and chief business officer of late-stage biopharma company Pharmnext, which he joined in 2019 after 17 years with the boutique investment bank, MTS Health Partners.
“This is an exciting stage of Redx s development and growth as we continue to progress on lead assets in oncology and fibrosis,” said Redx chief executive, Lisa Anson.
“Peter s extensive experience in the US and with US investors will be invaluable as we continue to deliver on our ambition towards becoming a leading biotech company with a robust pipeline of valuable, differentiated targeted medicines in areas of high unmet medical need.